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My main point is that Howard thinks he runs with the big dogs, and everything I've read by him or in response to him tells me he's about at the same level of expertise I am, at best. He's always refuted, and argues with everyone. I'm aware of, and admit my ignorance. So, you're...

That's it, you're off my Christmas card list.

Really? I guess that's why they make more than one car in more than one color. Howard, no offense, but after reading your posts and threads I must say I'm not impressed, and would not be swayed in any of my investing decisions by you. You're probably a nice fellow, but your self opinion of...

"Probability of touching" sounds like something my buddies and I used to rate girls in high school. Seriously, I think you thread jackers are quite rude and wish you'd get your own thread.

No, just one third of my available funds. I'm a big chicken. Doesn't mean I won't get nervous if we break through 1250 by Thursday...

I took another weekly vertical position Monday morning. Short the 1230 puts, long the 1220's for a whopping .25 cent credit. Ok, stop laughing...

No, no, no. You guys have it all wrong. To select the short strike, select the farthest out of the money 10 point spread that will give you a .20 credit. That works out to 91% ROI annualized, commissions included when writing a 10/10 position. The Arnie Guitar Secret To Success. Simple...

My nerves may be shot, but looking at my account and seeing those fresh available funds...damn, it's like a drug, ain't it? You have some success and you want more...I think I could generate the same returns and wait til mid week to take some positions...OK,OK Arnie, stay calm...take a deep...

Finally. Thank you Sir. Arnie

Thank all of you for trying to answer my question. No offense guys but I think my question is pretty simple. I don't understand why people introduce several other scenarios. I asked a straight question with a specific scenario, and you didn't answer it. Please, could someone answer...

Could you, or someone else, please elaborate...you know, spoon feed this blue collar dummy. How much money are we talking?

Exposing even more of my ignorance, and admitting I should know this before even considering selling S&P 500 Credit Spreads, what happens to your account if the S&P 500 closes in the money on a vertical bull put credit spread? For round numbers, let's say you had a $SPX.X 10/10 -1300/+1290...

Well thanks, but the problem is that it's been all luck, just dumb luck. I don't feel any skill in the least, just lucky. I feel like a deer in the headlights when things move against me. My knowledge on what to do as far as adjusting my position is non existent. I feel like I'm playing...

Stupid, ain't it? That's why I feel so....can't think of the word. Oh, and I'm a VFR pilot, so I'm looking outside the airplane.

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No, I only trade the weeklies. I took the position on Wednesday for a... 20 stinking cent credit. I got .60 cents for the 1295's, only to see it open at about 3.50 this morning. I get 20 cents and would have to cover at over 2 dollars. Made me sick to my stomach, or bonza as we say in Sicilian...

I've got to learn a new shtick, this credit spread selling is wearing me out. I was short the S&P 500 1295 puts, long the 1285's. Today was a long day, the trade ticket was armed and ready to go to cover. Where's the aspirin?... The Egyptian Mubaric thing bit me a little, the...

I, and anyone else, wouldn't have let it get to a 10k loss. I'da covered well before that, as anyone else would. I need to get better at adjusting my positions when things go bad. I adjust them just fine when things are going well, but need stronger nerves and more knowledge for the storms...

Wow, there it is, I never thought I'd see it...but there it is. Seriously, I've been doing nothing but credit spreads and a few iron condors since I "got back in" in December, and have had the crap scared out of me many times. I'm ahead, but can't tell you how many times I'd wished I'd have...

So I'm sitting here in my hospital room waiting to be discharged, studying some S&P 500 Options to trade next week, and I see so many "Last Trade" prices higher than the ask, and lower than the bid. Howdodaydodat?